Importance of Global Leadership in Business Essay

849 Words4 Pages

Today, after decades of expanding opportunity to all citizens, institutions are applying the lessons learned, to the task of meeting the new and growing needs of business, as well as of the larger society. The term diversity is embracing an international as well as multicultural perspective. The positive benefits that can be recognized from this diversity are significant to today's executives, corporations, and higher education. Commercial success in the future will depend, even more than it does today, on men and women who take leadership roles in an increasingly global economy.
The intensity of today's global economy challenges corporate executives to compete successfully with anybody, anywhere, and at any time. Which brings about the…show more content…

Cultural empathy is one. A global manager must have the "ability to appreciate and respect beliefs, values, behaviors, and business practices of individuals and groups from other cultures." (Ashamalla 2) Another is awareness of environmental constraints. In a foreign country, a global or "expatriate employee is faced with unfamiliar sets of environmental forces that can be very different from those of their home country." (Ashamalla) Interpersonal skills are also important. It involves "effective verbal and non-verbal communication, the capacity to build trust, and the ability to utilize referent power in managing within a foreign environment." (Ashamalla) "Managerial and decision making abilities are also highly required, particularly when a manager is operating under conditions of isolation or physical distances from the center of decision making in the home office." (Ashamalla) Other important qualities for success overseas include foreign language proficiency, flexibility, adaptability, entrepreneurship, self-motivation, tolerance for ambiguity, and sensitivity to world events and their impact on the long-range perspectives of the business. Even though many expatriate workers like the many things that come with the international market, such as pay, benefits, experience in general, there are some undesirable aspects and challenges of this type of work as well. Some of them

role of management in global competitiveness became a significant public policy issue during the labor government on the background of extensive reform (Rozario & Hampson 2005, p.2). In the 1990s this agenda was expanded to include management owing to the poor performance of businesses. It was apparently essential to develop leadership skills not only for entrepreneurs in the private sector, but also for managers in public institutions.
Because of its nature, leadership in most times is perceived…

and growing needs of business, as well as of the larger society. The term diversity is embracing an international as well as multicultural perspective. The positive benefits that can be recognized from this diversity are significant to today's executives, corporations, and higher education. Commercial success in the future will depend, even more than it does today, on men and women who take leadership roles in an increasingly global economy.
The intensity of today's global economy challenges corporate…

Global Business Speaks English
As the progress of globalization, business is not just limited to local. More and more companies begin to involve in global market, but language is the biggest problem when they join global market. There are so many different language in the world, so they need a common language to negotiate business. Tsedal Neeley said “More and more multinational companies are mandating English as the common language- Airbus, Daimler Chrysler, Fast Retailing, Nokia, Renault…

Discuss the importance of good leadership for a successful business.
Leadership is the composite of abilities and characteristics of an individual leader of the environment in which he operates and of the relationship developed between the leader and the led. It is very important to have good leadership for a business to succeed as employees will only follow a good leader and respond positively towards their direction. A good leader will have ability to obtain the highest quality from subordinates…

Critical Thinking in Business
(Order #A2089586)
One would not think that dean of a business school could learn anything of major importance from the principal of a elementary school, but that is exactly what happened to Roger Martin, Dean of the Rotman School of Management at the University of Toronto. Martin made a connection between the way the principal at his son's school approached her job and the "approach taken by the managing partner of a successful international law firm in town." (Wallace…

international assignment, the process also requires examining the significant of cultural intelligence. The importance of cultural intelligence is attributed to its link as a learning capability for global leader development. The success in the international assignment in Lagos will depend on effective decision making, appropriate learning orientation, and leadership and cultural identities.
Global Leadership in International Assignments:
In most cases, international assignments tend to involve dealing with…

The Importance of Leadership Behavior Traits
Abstract
Behaviors occur in the interaction among organisms and systems and their environments. Behaviors are responses to many kinds of stimuli and inputs. In humans, the nervous and endocrine systems control behavior. Traits can be characteristics and they can be biological. A trait as a characteristic is a feature of an object or being. A trait as it refers to biology, is an observable characteristic that can be passed genetically, biologically…

The Importance of Business Ethics in Ireland
Sonia Lorena Richards
Cross cultural Human Relations and Negotiations
April 27, 2010
Globalization has created opportunities for countries like Ireland to flourish. “Ireland is now classed as a high income economy by the World Bank on the basis of gross national income (Chhokar 365).” The importance of business ethics is fairly new in Ireland. Explanations for this might be sought in the country’s colonial history and late economic development…